Angeliki Frangou biography. Containership demand growth of 5.7% in 2021 and 3.7% in '22 is expected to exceed supply a pent-up demand for congestion, restocking and increases in consumer demand for goods all support increasing Connie volumes. This is unique. Such forward-looking statements are based upon the current beliefs and expectations of Navios Partners' Management and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements. I think that will give us a long-term view on the right. The rate for 2021 is the highest in almost 50 years, and it is led by a 7.2% expansion in China, India and developing Asia. Navios uses cookies on this website. Angeliki Frangou is Chairman and Chief Executive Officer of Navios Holdings. The complaint, filed in New York federal court last week, charges the Greek shipping magnate and the company's directors with setting up a scheme to get around paying out accrued dividends owed to preferred shareholders, in an effort to pay dividends on common stock. Additionally, we have agreed a new $52.7 million bareboat financing for two Kamsarmax vessels to be delivered in the second half of 2022 and Q1 of 2023. I'm also proud to be working with the social countries group whose core values include diversity in [indiscernible] and safety. In addition, Ms. Frangou has been the Chairwoman and Chief Executive Officer of Navios Maritime Partners L.P. (NYSE: NMM), an affiliated limited partnership, since August 2007.Ms. Editor's note: US District Judge Mary Ann Vial Lemmon dismissed the litigation against the owners of Mariner Shipyard in April 2010. So this portfolio in order to be kept on the same age below industry average, and create, you will always have a 10, 15 vessel. Such risks are fully discussed and are described in filings with the Securities and Exchange Commission. Angeliki Frangou, the Chairman & Chief Executive Officer of Navios Read more about DN Media Group here. Currently in our Containership segment, given the continued strength over the market we have been locking in long-term charters. The current order book stands at a record low of 5.7% of the fleet. The full results of operation of Navios Containers will be included in Navios Partners comments commencing April 1, 2021. While also allowing us to leverage each independent sectors fundamentals. Thanks you Angeliki and good morning all. And then now that, obviously, the dry bulk and containership markets are both extremely strong. Angeliki Frangou has been our Chairwoman and CEO since August 25, 2005. The round up show premieres on the 4th Wednesday of every month. Through mid-March 2020 21, contracted is down by about 62% compared to the same period last year. Slide 6 goes through recent developments. During Q3, Navios Partners recorded revenue of $228 million, adjusted EBITDA of $145.2 million and net income of $162.1 million. We stand at the crossroads, perhaps the crossroads of history. Illustration of Angeliki Frangou, founder, CEO and chairwoman of Navios Maritime Holdings Inc. During the quarter ended September 30, 2021 we had 9,027 available days compared to 4,499 days for Q3, 2020. In addition to the Leading Women Series, Becky Anderson also hosts the network's flagship news and current affairs program Connect the World, which takes viewers on a journey across continents, beyond headlines and into histories of the stories that are changing our world. over to Navios Partners' Chairman and CEO, Mr. Angeliki Frangou. The information set forth herein should be understood in light of such risks. The decrease is primarily due to a $25.5 million increase in vessel operating expenses, mainly due to the increased split, a $3 million increase in general revenue of tax expenses, mainly due to the increased fleet and a $1.4 million decrease in equity net earnings of affiliate companies. So, I guess going forward, is there a specific debt target or leverage ratio you're pursuing before kind of switching to some kind of return of capital, be it either repurchasing units at a massive discount to NAV or increasing the quarterly distribution? Angeliki? Then Mr. Achniotis will provide an operational update and an industry overview. From November 1st DN Media Group is responsible for controlling your data on TradeWinds. As previously mentioned, stimulus measures have caused recovery of consumption in the advanced economies. Just trying to understand how the fee through there. We will be profitable in Q4 as contracted revenue exceeds total expenses by $57 million. As CFI box rates have climbed 222% from April 2020 to March '21, spread by the earlier start of the Chinese equality and from continuing demand for consumables and pandemic related supplies worldwide. The large entity will benefit from a simplified capital and an organizational structure, thereby, reducing costs. TradeWinds is part of NHST Global Publications AS and we are responsible for the data that you register with us, and the data we collect when you visit our websites. Our office had to remain open. Fortune: Greek Businesswoman Among 25 World's Most Powerful In Slide 14, you can see the latest update on our fleet. Angeliki Frangou is 55, she's been the Chairman of the Board and Chief Executive Officer of Navios Maritime Acquisition Corp since 2008. This decline can be partially attributed to owners hesitance towards the long-lived assets in light of macroeconomic uncertainty and engine technology concerns due to upcoming CO2 restrictions. Our balanced exposure across the drybulk, containership and tanker segments allow us to mitigate normal industry cyclicality and leverage fundamentals on offering across all sectors through our chartering and capital allocation and financing strategy. Please disable your ad-blocker and refresh. You mentioned that you sold the 2006 Panamax, but still have a handful of 2004 and 2005 built vessels. Navios Maritime Partners L.P. (NYSE:NYSE:NMM) Q4 2020 Earnings Conference Call March 24, 2021 08:30 AM ET Company Participants Angeliki Frangou - Chairman & CEO Stratios Desypris - CFO. For more information about Navios Holdings please visit our website: www.navios.com. The remaining 34% of available base that are open all on indexing chargers provided with more upside. And we always get - we get advantage of this on the long-term period because they need of turner. Excluding these items, adjusted EBITDA for the nine months of 2021 amounted about $270 million compared to $64 million for the same period last year. So, basically what we want to see is number one, this market drybulk to materialize, which we are bullish about it. The Greek company's chief executive Angeliki Frangou said she was. For the full year of 2020, Navios Partners reported revenue of $226.8 million and adjusted EBITDA of $99.8 million. Greek 'bride' celebrates her 103rd birthday in Australia But one of the things I'll say is that, we see visibility on chartering - the demand for charters, if I answer your question. On August 25, 2021 Navios Partners acquired 62.4% of the equity interest in Navios Acquisition through the acquisition of 44.1 million Navios Acquisition's common shares for an aggregate investment of $150 million. We have majority independent directors and independent committees, not to say our management operations. We have very strong corporate governance and clear code of ethics. DN Media Group is the leading news provider in the shipping, seafood, and energy industries, with a number of English- and Norwegian-language news publications across a variety of sectors. Sometimes it's in newbuildings, sometimes it's in secondhand vessels in different sectors. The current product tanker orderbook is 6% of the fleet, which compares favorably with the 8.4% of the fleet, which is 20 years of age or older. As you can see on Slide 4, pro forma for the merger, NMM will have 85 vessels. We also anticipate that diversification and scale should make NMM a more attractive investment platform as we take advantage of global trade patterns. And we have market exposure of 53.5% of our days for this year. Moving to the financial results, as shown on Slide 11, Q4 revenue increased by $7.9 million to $69.2 million compared to $61.3 million for Q4 2019. We have also chartered out 4,250 TEU containerships for periods between 3.5 years and 4.5 years, generating revenues of approximately $270 million. Thank you. So this is a net benefit, the inefficiency. The displacement of established suppliers not only increases price, but increases ton miles as countries and people are forced to source their needs from places further away. So, how much is Angeliki Frangou worth at the age of 56 years old? Celebs Wiki Angeliki Frangou fans also viewed: Daniel David Or is this purely a fleet renewal play? So we need to wait for the drybulk, we enjoy the - we have the luxury because of our balance sheet and a low break-even to really to have the luxury to be open. Our cash balance was at $141.2 million as of September 30, and we have 28.3% in net LTV. Navios Maritime Holdings: Near-Term Debt Maturities Unlikely To Be An This complete formal presentation and we open the call to questions. Now I turn the call over to Navios Partners' Chairman and CEO, Mr. Angeliki Frangou. We have about - commercial banks, about $600 million in Japanese and Chinese leases, which provides us more easier covenant. All grain production this year will reach a record according to the international gains counting and the USDA. Big picture just, you should understand that all the inefficiency is net positive for our business. In just the last month, sub trade time charter rates have hit 10-year highs in what is normally a seasonal low period. Thank you, George. Since 2015, Ms. Frangou has also been a Member of the Board of Trustees of Fairleigh Dickinson University. The pandemic changed everything. And you don't see the 3-year market developing. Navios is a socially conscious group with core values include diversity, inclusion, and safety. But purely the volatility that we show create, you know, people are still waiting to make an assessment on period. But I'm talking about as a portfolio, you'd like to keep an age profile characteristics somehow on a certain level. We have a large modern diverse fleet of 85 vessels with a total capacity of 7.8 million deadweight tons. Additionally, we are positioning our dry bulk fleet for what we hope will be a strong balance of 2021. The pandemic substitution of goods for services is returning to more normal levels; expenditures for travel and entertainment and services generally are skyrocketing. Net debt/book capitalization was at a comfortable level of 41.7%. Part 1 of the interview examines Angeliki Frangou's start in business and development of the Navios Group of Companies. You may disconnect at any time. NMM has an enhanced base to generate free cash flow. Turning to Slide 12, you can see some fleet and debt updates. Turning to Slide 22, fleet growth is expected to be 4.2% this year and 3.8% for '22. Navios Maritime Partners L.P. (NYSE:NMM) Q3 2021 Earnings Conference Call November 10, 2021 8:30 AM ET, George Achniotis - EVP, Business Development. So the target is always to bring down the debt and that is to about 20%. We'll take the next question from James with Citigroup. Turning to Slide 12. Thank you. But we have the luxuries. The nominal GDP today is exponentially higher than compared to the nominal GDP of 50 years ago. Please turn to Slide 17 for the review of the drybulk industry. EBITDA and net income for Q3, 2021 includes a $30.9 million gain related to the sale of three vessel, Navios Dedication, Navios [Verde] and Harmony N, a $4 million bargain purchase gain upon obtaining control of the Navios Acquisition, and $2.9 million transaction cost in relation to the merger with Navios Acquisition. Yet we still have 2,473 open or index-linked days. Investors should avoid Navios Maritime Holdings' common shares and remain wary of a potential merger with Navios Maritime Partners to the detriment of the partnership's outside common unitholders. For 2021 contracted revenue is expected to generate $12.6 million in excess of total fleet expense. At Navios, Ms. Frangou is entrusted with establishing strategy and managing her team of seasoned executives as they supervise global activities. Lawsuit claims Frangou and board sought to push out shareholders So basically, we have a fortress balance sheet. Focus are also for growth in iron ore imports around the world as the effects of the pandemic received. Year-to-date scrapping has totaled 3.4 million tons, which is on pace for March 2020. Moving to the 12-month operations. And I think on a - it seems to be that Q3 was the low part of the tanker segment, and we are seeing the market slowly recovering. A London High Court trial is under way in a complex dispute between Greek shipowner Angeliki Frangou and her brother, John Frangos. Navios Maritime Partners L.P. Secures Unitholder Approval and Completes Angeliki Frangou (nee Papi) was born in Ikaria in November 1915. . Turn to Slide 18. No, yes, that makes sense. Yes, thank you. NMM is well positioned to benefit from the different sector fundamentals. Angeliki Frangou, chief executive of Navios Maritime Holdings and Navios Maritime Partners speaks at a company dinner at the National Gallery in Athens in June 2022. Angeliki Frangou | Management | Navios Maritime Holdings The container segment began strengthening in the third quarter of 2020, while the dry bulk market become turning in 2021. Angeliki Frangou - Net Worth February 2023, Salary, Age, Siblings, Bio Ms. Frangou has also been Chairwoman and CEO of Navios Holdings (NYSE: NM) our sponsor since August 2005. In the long run, she adder, Navios people believe that their re-imagined business will provide reasonably stable returns as the financial results of stronger sectors offset the financial results of sectors performing less well. There's always a replacement to give, you know, one of the things that we said from, and I think, Stratos also mentioned, we have an average age. This conference call should contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Navios Partners. Angeliki Frangou (born 1965) ( Greek: ) is a Greek shipowner. Global grain trade has been growing by 5% CAGR since 2008, mainly driven by Asian demand. A couple of questions. I think that one issue that I faced, no matter was on 140 vessel fleet, you will have some replacement. Scrapping totaled 16 million tons in 2020, almost doubles the 2019 total. Overall our diversified platform should provide flexibility, allowing us to capitalize across segment opportunities. Please turn to Slide 4. About 91% of our debt is covered by the scrap value of our vessels alone. Navios Maritime Partners L.P. (NYSE:NMM) Q4 2020 Earnings Conference Call March 24, 2021 8:30 AM ET, Georgios Achniotis - EVP of Business Development. Our Board is composed by majority Independent Directors and Independent Committees that oversee our management and operations. What does the liquidity look like across the one year to three year time-frame? For the full year of 2020, Navios Partners reported revenue of $226.8 million and adjusted EBITDA of $99.8 million. But on this containership opportunity, how repeatable could you say that deal is? For the fourth quarter, we generated $35.5 million in adjusted EBITDA. The realities we see our service as a growth platform that we're in the right part of the cycle, meaning we see great upside potential with our fleet. LEADERS Interview with Angeliki Frangou, Chairman and Chief Executive Thank you. Importantly, the precent of decrease perhaps understates the impact. The agenda for today's call is as follows: First, Mr. Frangou will offer opening remarks. I am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. With the help of a strong second half 2020 ended the year with a BDI averaging 1,066. So what you should expect from us is a replacement of assets, the new and of fleet, which is part of our ongoing process and strong cash generation with a deleveraging effect. I mean, you have much larger asset base. Ms. Frangou is also a Member of the Foundation for Economic and Industrial Research. We have been profitable in Q4 as contracted revenue exceeds total expenses by $57 million, yet we still have about 2,473 open and index-linked days. When it comes to philanthropy, Greeks invented the word, but by Chris Salboudis On Saturday December 3, 2022, after a Navios Angeliki Frangou: The Pandemic Galvanized Us! So all these unique things that we see on the supply chain happening, these vessels we think is a good match. Net debt to book capitalization was 40% at the end of the year. I am pleased with the results for the full year and fourth quarter of 2020. 67 WALL STREET, New York - September 27, 2012 - The Wall Street Transcript has just published its Transportation and Logistics Report offering a timely review of the sector to serious investors and industry . TradeWinds is part of DN Media Group AS. Our net debt to capitalization is 43.5%, and our debt maturities are targeted through 2030. Moving to the earnings highlight in Slide 13. Total revenue for Q3, 2021 was $228 million compared to $64 million for the same period last year due to the expansion of our fleet and the improved time charter equivalent rate for both containers and bulkers. The transaction based scale through a larger diversified asset base with an increased earning capacity. Roberts v. Navios Maritime Holdings, Inc. et al The average combined Q3, 2021 franchise equivalent rate of our vessels increased by 79%, $24,447 per day. The increase was mainly due to the 32.3% increase in available days of 2020. Vessels over 20 years of age are 11.3% of the total fleet, which compares favorably with a low orderbook. Navios Maritime Partners L.P. (NMM) CEO Angeliki Frangou on Q4 2020 Slide 10 shows our combined liquidity as of December 31, 2020, we had total cash of $38.3 million and total borrowings of $719 million. For 2022 we expect a historically low break-even of $2,459 per open day with 20 - with - our busy acquisition calendar has not distracted us from our balance sheet, we remain disciplined. Add a meaning Wiki content for Angeliki Frangou Angeliki Frangou Add Angeliki Frangou details Phonetic spelling of Angeliki Frangou Add phonetic spelling Synonyms for Angeliki Frangou Add synonyms We are 86, which I think is a rather big percentage for our drybulk to be open. Worldwide grain trade has been growing by over 5% CAGR since 2008 mainly driven by Asian demand, which increased by 15% in 2020 and is expected to increase a further 2.9% in '21. Angeliki Frangou has been Navios Logistics Chairwoman and a Member of the Board of Directors since its inception in December 2007. We agreed to acquire 6 dry bulk vessels with an average age of about 2 years and sold 4 vessels with an average of about 13 years. To read more about DN Media Group, But overall, today the biggest thing that we have to see is that we have created operationally a unique platform. We continue to renew our fleet and improve average profile. Now I turn the call over to Navios Partners, Chairwoman and CEO, Ms. Angeliki Frangou. We are about two years below industry average. Thank you, George. First Navios Maritime suit ended with revised offer. NMM has a strong balance sheet with low leverage, 43.5% in combined net-debt-to-book capitalization and man has diversification and scale with an 85 vessel fleet we ranked in the top-10 among the publicly incited cargo fleet, about 66% of our available base assets at an average charter rate of $18,612 net per day and 34% of our fleet available days are open or the index link. Thereby accumulating significant scale in a short period of time. And also we have to see that target, which we also see a good potential to actually happen. Governments having put in place emergency monitor and fiscal plans to support the economies have kick-started faster than expected the recovery in the world economy. Finally, turning to Slide 26, product tanker net fleet growth projected at 2.4% for 2021 and only 1.9% for '22. Please. We have - we see the potential, but we see - we need to see it materialize. On a combined basis, about 1/3 of our available days are open or interest team providing market exposure to capture market upside. I would also like to highlight that 2021 results not comparable to 2020 as in 2021 NMM acquired two companies and is expected to increase its available days by 85% in 2021 and by 171% in 2022 compared to 2020. Our three pillars are now working well, both drybulk and containership sectors are performing and the tanker sector has improved materially in the past few months with more improvement expected. It can be accessed online at: http://edition.cnn.com/video/#/video/business/2013/02/12/leading-women-angeliki-frangou-navios-shipping.cnn. On Slide 8, we lay out global GDP growth since 1970. These vessels were acquired for an aggregate purchase price of $370 million. We consolidated our separate activities in dry bulk and in containers and in tanker under one roof. Angeliki Frangou (born 1965) (Greek: ) is a Greek shipowner. So any plans for further asset sales, especially on those older vessels? When talking about ESG, I think it's important to remind people that Transocean exiting is the most environmentally friendly means of transportation as it is the most carbon efficient mobile transport. This - the advantage we took on the container vessels gave us a historically low break-even of $2,469 per open day in 2022. Navios Maritime Partners L.P. (NYSE:NYSE:NMM) Q2 2021 Earnings Conference Call July 27, 2021 8:30 AM ET Company Participants Angeliki Frangou - Chairman and Chief Executive Officer. About Navios Maritime Holdings Inc. Navios Maritime Holdings Inc. (NYSE: NM) is a global, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain. That makes sense. I'll now pass the call to George Achniotis, Executive Vice President of Navios Development, to discuss the [indiscernible]. In addition, Ms. Frangou serves as the Chairman and Chief Executive Officer of Navios Partners, an affiliated limited partnership trading on the New York Stock Exchange, since August 2007, and as the Chairman and Chief Executive Officer of Navios Maritime . How to pronounce Angeliki Frangou | HowToPronounce.com Please turn to Slide 21. Thanks, Angeliki. In this process we have been pioneering and are adopting certain environmental regulations up to two years in advance, aiming to be one of the first fleets to achieve full compliance. Our merger with Navios Maritime Containers was approved and is expected to close on March 31, 2021. The increase was mitigated by 20.9% decrease in the Time Charter Equivalent rate achieved in 2020. And to capture the spot market and wait for the period market to come. You need to wait and see that market develop. From a shipping perspective, building for resilience translates into more ton miles as things are duplicated,. We understood that with over 4,000 sailors at sea, when the phone rang, we had to answer it. Document filed by Norman Roberts. So think about something between five vessels to 10 vessels to a minimum per year you will have to replace, because either this is the way, or you see that vessel may have - may come in to - you see that the potential in 2023 and we have more consumption, for different technological or commercial reasons or CapEx you have to put. We have question from the line of Randall Giveans of Jefferies. Approximately half of the fleet will be drived by vessels, and the other half will be container ships when measured by the number of vessels. Is that a repeatable opportunity you think? EN English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk Unknown All right, second question, looking at Slides 11 and 14, clearly showing the strength of your balance sheet, you mentioned earlier in the call, your fixed charter backlog is giving you pretty substantial cash flow visibility, very low spot day break-evens. CNN International's Leading Women with Becky Anderson airs every Tuesday on News Stream at 9:00 pm HKT/ 1:00 pm GMT / 8:00 am ET and Connect the World with Becky Anderson at 5:00 am HKT / 9:00 pm GMT / 4:00 pm ET. You can read more about how we handle your information in our privacy policy. Europe's imports are expected to grow at 15% on and Asia, excluding China, is expected to import 9% more iron ore in '21 than in 2020. How Angeliki Frangou became the leading Greek shipping Next, Ms. Tsironi will give an overview of Navios Partners financial results. Angeliki? People seem to have concluded that you cannot reliably provide goods if the system has a single point of failure. Thank you for joining us for Navios Maritime Partners' Fourth Quarter and Full Year 2020 Earnings Conference Call. The benefits of diversification are reflected in recent market activity. Our diversification strategy creates resilience in the overall business model and enable us to mitigate individual segment volatility. Vessels over 20 years of age are about 8.6% of the total fleet, which compares favorably with the historically low orderbook. Adjusted net income for the first nine months of 2021 amounted to $242 million compared to a $2.9 million loss for the same period last year. Ms. Frangou has also been the Chairwoman and Chief Executive Officer of Navios Maritime Holdings Inc. (NYSE: NM). Our contracted revenue alone exceeds our total fleet expenses by $12.6 million. And NMM already has more than that contracted for 2021. Moving to the first nine month 2021 period, time charter revenue reached $445 million compared to $158 million in 2020. The new loan will have an interest of 3% above LIBOR and amortization profile of about 5 years and maturity in the second quarter of 2025. Our office had to remain open. Demand is forecast to outpace net sales growth in both 2021 and '22. I think a low leverage is a big driver to our model. At Navios, the pandemic galvanized us. If these conditions happen, the next thing on the market, on the debt, I think we are in a - we can both allocate on reduction of our debt and also on actually providing to our investors. Adjusted EBITDA for 2020 amounted to approximately $100 million compared to $120 million 2019. Is this happening to you frequently? Founder of Maritime Enterprises Management SA, Angeliki N. Frangou is a businessperson who has been at the helm of 14 different companies and currently occupies the position of Chairman at IRF European Finance Investments Ltd., Chairman & Chief Executive Officer at Navios Maritime Partners LP, Chairman & Chief Executive . Please move to Slide 9 which provide some selected segment data. So you have 140 vessels to 150 vessels, is that the kind of range you want to stay with or with those kind of asset sales kind of bring down the fleet levels from these numbers? And overall we like to have a low leverage. I'll turn it over. If we find opportunities, we can always expand. A London High Court trial is under way in a complex dispute between Greek shipowner Angeliki Frangou and her brother, John Frangos. And this is the strategy going forward. Angeliki Frangou. We have arranged the new facility of $72.7 million for the refinancing of three existing facilities with short and medium term durations. Yes, no that's fair. We see that it is a different set of fundamentals important. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Food security issues driven by the pandemic as well as increasing broadening demand worldwide. We have finalized an additional $58 million loan, which will be used to finance the acquisition of 2 vessels and refinance an existing facility. Part 3 recaps Angeliki Frangou's career and the Navios Group. In concluding our drybulk sector review, demand is forecast to outpace net fleet growth in both 2021 and '22, a strong demand for natural resources combined with continuing COVID-related logistical disruptions and a slowing pace of new building deliveries, all support healthy levels of current and future freight rates.